Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Friday, April 24, 2020

Today's Economy


Economic Roundup: It Could've Been Worse

The unemployment rate will spike but CARES Act limits hysteresis.

Canada Weekly: Ailing Alberta

The province is particularly exposed to the economic effects of the COVID-19 outbreak.

Geopolitical Risk Calendar: Governments Look to Ease COVID-19 Restrictions

Coronavirus cases may have peaked in many European countries.

The CARES Act and the U.S. Unemployment Rate

The legislation won’t have a major impact on joblessness right away, but in the medium term it will be healing.

» VIEW MORE TODAY'S ECONOMY



Commentary


Europe Weekly Highlights and Preview: 24 April, 2020

First-quarter GDP estimates are coming, and we expect the numbers to be awful.

U.S. COVID-19 Tracker Update: Small Business Remains Under Pressure

Hurricane Katrina may provide a useful guidepost on what could happen to the labor force.

Businesses Batten Down the Hatches

COVID-19 is hitting the U.S. economy hard, and firms are struggling to manage through increasingly difficult times.

Asia-Pacific Weekly Highlights and Preview: 24 April, 2020

The outlook for South Korean foreign trade is grim.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Canada
RPS House Price Index
Mar. 2020:

United Kingdom
Retail Sales
Mar. 2020: -5.1%
U.K. retail sales plunged by 5.1% m/m in March after a 0.3% fall in February, marking the largest decline on record.

United States
Durable Goods (Advance)
Mar. 2020: -14.4%
U.S. durable goods orders dropped 14.4% in March, a little less than our forecast for a 15% decline but more than the consensus for an 11.3% decline.

Mexico
Economic Activity Index
Feb. 2020: -0.6%
Mexico's index of economic activity reported an annual contraction of 0.6% in February after decreasing 0.8% in the previous month and growing 0.9% a year earlier.

Russian Federation
Unemployment
Mar. 2020: 4.7%
Russia’s unemployment rate rose to 4.7% in March, a 0.1-percentage point increase over the February reading.

United States
University of Michigan Consumer Sentiment Survey
Apr. 2020: 71.8
Consumer sentiment stabilized in April but remains at a very low level given ongoing shutdowns and clear evidence of massive job losses.

» VIEW MORE ECONOMIC INDICATORS

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